Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The Forex market is regarded by the world as the largest market by volume, registering over 5.1 trillion dollars as daily trading volume. It is a place filled with opportunities for investors and there are several methods in which one can trade in the market. Automated trading solutions such as Expert Advisors and Forex robots began to emerge as viable options for a growing trading community. An excellent example would be ROFX, a forex robot that has been consistently featured in various top forex robots lists across the internet. Do not forget to go through our RoFx review before you consider trading.
ROFX is a reliable automated trading robot that works mainly on Forex, providing investors with emotion free positions. It is based on a neural network that excludes the emotions from a trader’s moves. The production team behind ROFX comprises software developers and traders with experience and the product was launched in 2009. It has over 30000 active customers around the world. The company has offices in The United Kingdom, the United States, and Hong Kong.
Standout Features of ROFX
ROFX provides some amazing features which cater to a wide variety of traders, both experienced as well as the novice. Some of these are mentioned below.
- Daily Profit: Traders can gain profit daily if that particular day is a profitable one,
- Easy initiation: Almost any trader can begin using this EA instantly because of its user-friendly nature
- Deposit security guarantee: ROFX makes regular amendments to its reserve fund.
- Minimum Risk Margin: ROFX has a stop-loss feature enabled to protect the trader’s account from losses. It is a “no loss forex robot”.
- Funds Return: Traders under ROFX can get back the funds they invested at any time.
- Transparency: ROFX provides all information about the fees involved during purchase. There are no other hidden fees apart from that.
- 24/7 support: ROFX offers 24/7 customer support with live chat options.
Advantages of using ROFX
There are many reasons traders are attracted to ROFX for forex trading, some of which are explained in brief below.
- Friendly to Beginners: Being profitable in the forex market requires experience, skill and the ability to analyse the market properly. Normally this would make only experienced traders the sole beneficiaries of forex trading. However, ROFX allows even novice traders to trade using the tool. It drastically increases the likelihood for a novice trader to be profitable in the market.
- Trading Strategy: ROFX Robot employs a proven trading strategy which is prepared by expert forex trader. By using ROFX, traders can stop with their trial and error approach and earn profits through a systematic and scientifically proven method.
- No Human Influence: ROFX is an automated Expert advisor or forex robot which runs on its own. This means that the process requires little to no human intervention at all.
- Emotions are minimized: In forex, human emotions can get in the way of logical trading, causing many traders to loose valuable trading opportunities which would otherwise be profitable. However, when using ROFX, traders can rest assured that their feelings or emotions won’t get in the way of the robot’s functioning.
- Consistency: Trading consistency can be achieved by using ROFX instead of separate manual trading sessions.
Trading Record of ROFX on myfxbook
It has almost become a staple for almost any potential buyer to check the authenticity of the claims made by any EA. The forex Expert advisor industry is filled with many EAs that don’t quite live up to the promises they make along with some that are outright frauds. However, a potential buyer can avoid this if they check for statistics from live accounts. There are various third-party, authoritative sites such as myfxbook and fxblue to verify such statistics. In ROFX’s case, we have such an account, hosted on myfxbook. The screenshots are attached below.
The above screenshot shows a graph that is positively sloping, reflecting the performance of the ROFX account. Both trading privileges as well as track records of the EA can be confirmed by the information provided in the upper panel. It indicates that the statistics are from a real account from ROFX, using the Ester broker.
The bottom left tab indicates that the chart has been updated recently, May 30th to be precise. This is enough proof that the records are genuine and independently verified by myfxbook. Many EA’s fail to provide this, relying on made-up screenshots instead.
We can see that the above account has a current balance of $$55780486.00 with an initial deposit of $10000000.00. It has an impressive profit of $45780486.00. The account has equity of 100% which is always favourable. It has daily and monthly profits of 0.26% and 8.07% respectively. The drawdown rate is low at 0.35% which indicates that the strategy has a very low risk. The total gain is 457.8%.
Additionally, as it is seen in the screenshot above, the account has expressed extreme growth within the last year, adding up to a profit of 46.52% as mentioned above.
After looking at all the aspects of this myfxbook account, it seems legitimate and verified. This includes the trading charts, trading activity reports and advanced trading statistics which are available. ROFX has always strongly focused on providing transparency as evidenced here by this up to date myfxbook page. However, open trades and open orders are not revealed.
Conclusions
ROFX is regularly featured in the top fx expert advisers lists by expert reviewers. It is a verified Expert advisor with a real track record showing years of profits with a monthly ROI of 10%. There is ample evidence to back this up. ROFX is a reliable, legitimate Expert Advisor which is backed by a team of experienced developers. The above article proves that ROFX takes all of its trading aspects very seriously.
To provide us with a complete picture, they have also offered a real live trading account for scrutiny on myfxbook, which shows transparency. This EA is not a downloadable software and users required to create an account on the official webpage. They are then redirected to the payment packages where they can choose from different options.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.